Key Takeaways Allunity launched SEKAU, a MiCA-regulated SEK stablecoin backed 1:1 by reserves. Banking Circle and Marginalen Bank support SEKAU as Europe’s stablecoin market grows. SEKAU launches on 5 chains in 2026, targeting institutional payments and settlement. Allunity Targets Institutional Payments With New Swedish Krona Stablecoin Allunity is expanding its European stablecoin lineup with the…
Key takeaways: The Bitcoin funding rate climbed to 7%, showing confidence, but spot ETF outflows keep a $70,000 breakout on hold for now. Strong order-book bids and lower oil prices helped, but weakness across stocks, bonds, and gold signals a preference for cash. Bitcoin (BTC) flirted with the $65,500 level on Monday after US Vice…
In brief Trump signed executive orders focused on quantum computing and post-quantum cryptography. The administration is targeting a scientifically relevant quantum computer by 2028. Federal agencies must transition to post-quantum cryptography by the end of 2031, four years earlier than previously planned. President Donald Trump signed two executive orders Monday aimed at strengthening U.S. leadership…
The Dow Jones Industrial Average (^DJI +0.29%) rose 0.29% to 51,712.71 as investors favored defensive blue chip names, while the S&P 500 (^GSPC 0.37%) slipped 0.37% to 7,472.79 and the Nasdaq Composite (^IXIC 1.32%) fell 1.32% to 26,166.60 following a retreat in mega-cap technology stocks. Gold gained 0.90% to $4,189.13 and the 10-Year Treasury yield…
Key Takeaways Federal Reserve rate expectations are widening performance gaps between bitcoin, equities, and gold, making monetary policy a key factor in recent market moves. Equities are up 9%, while bitcoin is down 1% and gold has fallen 20%, a period that coincided with rising rate expectations. Grayscale says bitcoin combines monetary traits with blockchain…
Global asset manager Franklin Templeton has completed its acquisition of crypto asset manager 250 Digital, closing a deal first announced in April and expanding its digital asset business with a new division focused on cryptocurrency investing. As part of the transaction, Franklin Templeton absorbed 250 Digital’s investment team and cryptocurrency strategies into a newly created…
GhostSwap has launched a new public swap-rate API, which gives developers instant access to live crypto exchange rates without requiring an API key. The new endpoint exposes GhostSwap’s best available swap rates across more than 1,600 cryptocurrency pairs, along with minimum and maximum swap limits, through a simple, CORS-enabled interface optimized for fast integration. For…
Strategy (formerly MicroStrategy) raised $335.5 million by selling common stock last week, then placed almost 90% of the proceeds into cash rather than Bitcoin as the company moved to shore up the preferred securities financing its cryptocurrency purchases. The company sold about 2.71 million MSTR shares between June 15 and June 21 and added $300…
In brief Strategy’s Stretch (STRC) may be volatile, but it’s far from the stablecoin that underpinned Terra’s ecosystem, according Benchmark-StoneX’s Mark Palmer. The Bitcoin-buying firm’s flagship preferred stock is designed to trade at a certain level, but it’s incapable of “depegging” in a technical sense, he wrote. STRC fell as low as $82.53 last week,…
(Updates with index/price moves and political/company news from the first paragraph.) US equity i Source link
